Examples of Existing Licence Agreement in a sentence
In view of the similar nature of the respective transactions under the TM Licence Agreement and the Existing Licence Agreement, and that the Premises under the TM License Agreement and the Existing Premises under the Existing License Agreement are both within the AEON Stores’ XX Xxxxxx for the same use as a branch of the Company, such transactions shall be aggregated for transaction classification purposes pursuant to Chapter 14A of the Listing Rules.
Licensor may by serving notice in writing on Licensee terminate or suspend the License and/or the Licensor Services and/or this agreement if the Existing Licence Agreement is terminated or suspended.
It was later revealed that anti-government snipers had killed 16 pro-Chavez supporters and they were returning fire (Castillo, 2003, p.153).
Reference is made to the announcement of the Company dated 30 March 2020 in relation to the Existing Licence Agreement for the lease of the Premises.
As the Group elects to recognise each of the lease of the Premises under the TM Licence Agreement and the lease of the Existing Premises under the Existing Licence Agreement as a one-off acquisition of a right-of-use asset under HKFRS 16, they together constitute a connected transaction for the Company under Chapter 14A of the Listing Rules.
The licence fee received by the Group from PWCL in respect of the licensing of the sales corner in the PP Xxxxxx Xxxxxxx Store by the Group to PWCL under the Existing Licence Agreement for the financial year ended 31st March, 2018 was HK$7,984,000 (five months and twenty-five days) which was the same as the maximum annual cap.
The unaudited value of the right-of-use asset for the lease of the Existing Premises under the Existing Licence Agreement as at the date of this announcement amounts to approximately HK$750,000.
The Licensor shall use all reasonable endeavours to enforce the terms of the Existing Licence Agreement.
The details of the Existing Licence Agreement were disclosed in the announcement of the Company dated 25th September, 2017 (“the Sept 2017 Announcement”).
Licensor may by serving notice in writing on Licensee vary or amend this agreement to reflect any variations or amendments made to the Existing Licence Agreement.